Articles tagged “funding”

A million dollars isn't cool. You know what's cool? $1.3 billion in funding to date.

This week, travel startups, including rental car service Kyte, collectively announced more than $41 million in funding.

This week travel startups, including Latin America's Ayenda and Turismocity, have collectively raised more than $30 million in funding.

This week, several travel startups collectively announced they had raised more than $195 million in funding. Concepts included rental apartments for corporate workers in the hybrid era as well as enterprise software for airline business intelligence and corporate travel technology.

Second seasons often disappoint, but Steve Singh's comeback bodes well for blue-chip corporations. Singh is a business travel icon, and his ideas and energy may rev up the metabolism of travel managers, whether or not they buy into his new startup Spotnana.

The WestCap Group has led a $150 million round in Flyr, a startup that helps travel companies boost their revenue. "Mogul management" appears to be the new "revenue management."

SiteMinder minimized the pandemic's hit to revenue by selling new tools to help hotels with payments and digital marketing. No wonder Fidelity International wanted to invest ahead of the startup's likely initial public offering in 2022.

H2O Hospitality is a Korean startup that gained traction in Japan and now plans to offer its hotel and vacation rental management services in other markets. If you can make it in Osaka, you can make it anywhere.

Luxury Escapes, an e-commerce travel deals business, plans to raise as much as $70 million (A$100 million). Makes sense. Travel companies with capital in hand may be best-prepared for the pandemic rebound.

Travel startups Angel Host, Thatch, Wanderlog, YouTravel, Margin Fuel, Zo World, and others have raised capital this week. Continued innovation is a bright spot as the travel sector heads into the last quarter of the year.